Poket News

SEBI asks investment advisors to refrain from dealing in digital gold

 

  • Capital markets regulator Sebi has asked investment advisers to refrain from dealing in digital gold, which is an unregulated product.
  • This came after Sebi noted that some registered investment advisers are engaged in unregulated activity by providing a platform for buying, selling or dealing in unregulated products including digital gold. 
  • SEBI further said any dealing in unregulated activities by investment advisers may entail action under the Sebi Act and regulations framed thereunder.